We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Reaching £1000 taxable interest for the year
Comments
-
There will be a fair number on here who have reached, or soon will reach, the point of having been credited with over £1000 interest in the tax year from regular savers and the interest paying current accounts.
Many people may well enjoy a spousal tax shelter.Free the dunston one next time too.0 -
gingercordial wrote: »Personally I enjoy the (limited) maintenance this requires as a kind of hobby.
Actually, when you add in playing the bank account switch and refer a friend games and complaining (legitimately) when they screw up, it's more like a second job than a hobby. But it pays very well by the hour, and certainly more than my day job!0 -
Am I right in thinking that interest earned from savings invested in cash ISAs, do not count towards the £1000 limit?0
-
Correct...Am I right in thinking that interest earned from savings invested in cash ISAs, do not count towards the £1000 limit?0 -
Thank you soulsaver.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards